{"id":25229,"date":"2019-05-25T05:57:10","date_gmt":"2019-05-25T05:57:10","guid":{"rendered":"https:\/\/arabbusinessconsultant.com\/?p=25229"},"modified":"2023-11-28T05:29:26","modified_gmt":"2023-11-28T05:29:26","slug":"the-essentials-of-a-rak-business-setup-for-foreign-companies","status":"publish","type":"post","link":"https:\/\/arabbusinessconsultant.com\/blog\/the-essentials-of-a-rak-business-setup-for-foreign-companies\/","title":{"rendered":"The Essentials of a RAK Business Setup for Foreign Companies"},"content":{"rendered":"

There is no dearth of foreign companies that aim to do business in Dubai free zones. Setting up a business in these free zones comes with undeniable advantages that are rarely comparable to other economic free zones across the globe. Dubai has garnered a reputation for being the most foreign business friendly city in the world owing to the special provisions, tax breaks, advantages and benefits of these free zones.<\/p>\n

About <\/strong>Ras El Khaimah Economic Zone<\/strong>
\nAmong these many free zones in Dubai is; Ras El Khaimah Economic Zone, which is often abbreviated to RAK or RAKEZ, among the business community here. As can be expected from any free zone in Dubai, a RAK freezone business setup<\/a><\/strong> for foreign companies come with multiple advantages, alongside a requirement for permits and licensing from the concerned authorities and the need to complete all documentation and paperwork to establish a legitimate business presence in RAK. Read further for in-depth insights on this subject.<\/p>\n

License Types<\/strong>
\nIt must be noted that RAK business setup<\/u> for foreign companies comes with the benefit of 100% sole ownership with the freedom to source raw materials and workers from foreign countries. Additionally, the Ras El Khaimah Economic Zone is composed of four free zone parks out of which a range of businesses operate including heavy manufacturing, technology verticals, offices and educational institutions, including academic consultancy firms and media companies. As such, one can apply for a wide range of license types for a RAK business setup. They are as listed below.<\/p>\n